PipStop

For those of you who live in BC, you might know what the BCSC stands for. For those of you who live outside of BC, you might not even know what BC stands for.

Whichever the case is, the BCSC is the British Columbia Securities Commission aka the on its toes regulator of the securities industry in Trading Post's home province. While no jurisdiction is completely immune from scams, I can say that the BCSC is dogmatic in its approach - which serves the investor well here. 

I know there are many Forex dealers that can have all Canadians, except for British Columbians open up live accounts.

A few days ago, the BCSC issued a news release warning investors of online investing  groups and meet ups. I honestly haven't seen any regulatory organization that has issues anything so specific, and the website the BCSC has setup, www.InvestRight.org is very comprehensive.

Websites, like Meetup.com and Craigslist.org, allow people to create groups around investing strategies or advertise seminars for new investment products.

Trading Post will issue a formal news release on this today, but I thought I'd touch on it preceding that.

For what it's worth, it makes me sick to see so many purported "solutions" out there that don't "promise" that you'll make specific gains, but share enough information that you'd be led to believe that you can expect to make substantial gains. 

There is NO FREE MONEY. If there was we'd all be enjoying it. Continuing the pursuit of it will continue to hurt people, families, and organizations. There are a couple of situations I'll share on this topic in the next day or two.

I wrote about a scam that originated out of New York that duped many here in Vancouver a number of weeks back. There are three Forex trading meetup groups in Vancouver, and two are affiliated with www.freedomrocks.com and www.fxinnovations.com. I'm not calling them scams, mind you, but personally I've had enough, and I am now the organizer of the third, where we'll talk openly and share information transparently without having to be tied to a singular product or company.

You'll notice that at Trading Post we don't talk returns, we don't talk easy street, we talk about creating a foundation for yourselves in trading, so that it doesn't matter if Trading Post or not is around, you're armed with the skill of trading wherever you go. 

Who's to argue that the United States is the big brother influencer of the world?

None of us I'm sure. Those who live outside the U.S. especially know what I'm talking about. The U.S. is the land where almost 100 million people sat in front of their TVs watching the New York Giants defeat the New England Patriots 17-14. Staying with football, on a smaller, but more widespread scale, Wednesday is National Signing day for high school football players, where they officially declare which university they will be playing for.

Before that, though, is Super Tuesday, which is today where voters from 24 states go to the polls and we'll all see which candidates will be closer to becoming president of the U.S. Can anyone explain with complete confidence what tomorrow really means? And if you can answer that, then tell me what is going to happen? 

I hope all American readers will get out tomorrow and vote, if the opportunity is there.

Just for the sheer fact that there will be a fresh voice in the White House makes me bullish on the dollar.

One of the things I enjoy the most is being in the environment I am in with all sorts of varied influences. With Zoltan Vass and Douglas Sereda, there are two schools of trading that I am exposed to.

I received some insight from Zoltan today that I'll share with everyone. In the past week we've been talking about the AUD/USD, which coincidentally just hiked it's interest rate up to 7%.

In general, I am bullish on the USD this year opposed to others. My main reason is the rate cycle difference among the developed countries, i.e., since the USA has started to cut its rates, it's just question of time when others should/will follow it. The first will be the UK this week. Therefore, although Australia has certain advantages, their rate hike move will probably be the last one before they "capitulate," i.e., the AUDUSD may go higher, even challenge its previous high but will eventually fall and follow the EURUSD which will be the next victim and it will decline very sharply.

Nevertheless, it needs to be confirmed still! But more and more technicals and fundamentals have been showing at least a slow down in the march of the EURUSD and this "fatigue" can quickly turn into a huge sell-off.

I like the USDCAD buy due to the above reasons and others as well. Here, the commodities' decline -oil, gold - will play a big role along with the expected Bank of Canada rate cuts in mid future. Although Canada has a better economy, it may not be able to offset the US's impact.

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